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House Prices Fall Again - Daily Mail

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Good old home track keep it comming will be interesting to see if land registry agree with the Halifax 1.5% rise or the Hometrack 0.1% Fall. 7K down over the year for the average property and we are only just getting going we will soon be seeing thes falls every three months B)

Daily Mail 24 October - House Prices Fall Again

House prices fell for the 16th month in a row during October as the average price of a home dropped by 0.1%.

The average cost of a home in England and Wales is now £160,700, down from a peak of £167,700 in June last year and 3.5% lower than 12 months ago.

But although prices continued to fall there was still an increase in activity in the market, said property website Hometrack.

The number of buyers registering with estate agents rose by 2.1% this month, meaning there has been an increase of more than 22% over the course of the year. Sales rose by 5.9% in October.

However, there continued to be an oversupply of property, suggesting house prices may continue to fall in the coming months.

John Wriglesworth, Hometrack's housing economist, said: "The key feature of the market this month is a significant increase in house sales activity, helped by more buyers returning to the market.

"However, the number of houses for sale has also increased and as a result, excess supply continues to plague the market. House price falls continue unabated."

The percentage of their asking price that sellers received continued to fall this month, down to 93.1% from 93.2% in September. Meanwhile, the length of time a property was on the market fell slightly to eight weeks.

On a county level, only Lancashire saw prices rise this month, while prices remained static in Cambridgeshire, Leicestershire and Suffolk.

The heaviest price falls were in Wiltshire, down 0.5%, and the West Midlands, South Yorkshire and Nottinghamshire, all down 0.3%.

Also on Sky - 24 October - House Prices Down More

Nationwide inflaionadjusted HPI just gone negative, big SELL signal for the housing market

Edited by Riser

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When they say there are more buyers, could that mean that there are people wanting to sell their big house now and want to buy somewhere smaller?

In other words, what matters is not whether RightMove claim buyers are up by 5.3% or whatever, but whether buyers are up by more or less than sellers.

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What it is, is the usual bullsh1t. Every seller is also a buyer cos they need somewhere else to live.

So their probably classing the huge ammount of new sellers on the market as buyers instead, and just not mentioning they are selling. Classic manipulation of the figures.

What it seems to people observing is their are loads of buyers out there and so the market is doing ok and not sliding into a crash.... like wot them lot on HPC are saying ;)

Estate agents are profesionals they dont lie.

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What it is, is the usual bullsh1t. Every seller is also a buyer cos they need somewhere else to live.

So their probably classing the huge ammount of new sellers on the market as buyers instead, and just not mentioning they are selling. Classic manipulation of the figures.

What it seems to people observing is their are loads of buyers out there and so the market is doing ok and not sliding into a crash.... like wot them lot on HPC are saying ;)

Estate agents are profesionals they dont lie.

Thats a good point as we know first time buyers arnt buying any more.

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What it is, is the usual bullsh1t. Every seller is also a buyer cos they need somewhere else to live.

So their probably classing the huge ammount of new sellers on the market as buyers instead, and just not mentioning they are selling. Classic manipulation of the figures.

What it seems to people observing is their are loads of buyers out there and so the market is doing ok and not sliding into a crash.... like wot them lot on HPC are saying ;)

Estate agents are profesionals they dont lie.

??? :huh: ???

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"However, the number of houses for sale has also increased and as a result, excess supply continues to plague the market. House price falls continue unabated."

A plague on all your houses?

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Does anyone know if hometrack figures are seasonally adjusted? Winter hometrack figures will be shocking if they're not.

Edited by Oxfordite

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a house for a ftb should be about 40k in the north and perhaps 60k in london, and under this there should be wrecked flats or houses needing lot of work done for about 20k.

ie 20k should be the opener price

pity these figures are 5 years old and only 10% wage rises since then

houses now 3 times that

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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